ZEROBASE's business principles: Zero foundation or returning to zero everything?
Zero foundation equals zero threshold, zero threshold equals complete competition, complete competition equals no arbitrage space—this is fucking common sense. ZEROBASE gives you 8% + 2% annualized, and also covers three audits, does it really think it's a charitable organization?
Where does the profit come from?
Management fees + performance commission? Can't they just start their own private equity, why bother playing with retail investors?
The time difference of capital accumulation? JD White Bar's idea, but 58 million TVL is still not enough to see.
Issuing coins? The most likely endgame—early users get airdrops, the project parties cash out, a win-win. But what supports the coin price?
The darkest version: Ponzi cycle. New money pays off old money until it can't turn anymore.
People with zero foundation entering are not in a pit; they are fuel. The little interest you earn is just their cost for buying TVL growth. The lower the threshold, the more sickles there are. Is ZEROBASE really zero foundation or returning to zero everything? Time will give the answer.